https://www.taxtmi.com/caselaws?id=789770 Delay in filing the first appeal was condoned because it arose from a bona fide belief that the rectification order was invalid for want of a DIN, and the subsequent appeal showed prompt corrective action. Exemption under sections 11 and 12 could not be denied merely because Form No. 10B was filed without audited financial statements when the form was filed in time and the accounts were later furnished. The filing defect was treated as procedural and directory, so substantive compliance with the exemption conditions prevailed over a technical lapse. The appellate order was set aside and the matter was restored for verification of Form No. 10B and the audited accounts. en-us Fri, 10 Apr 2026 00:00:00 +0530 Tue, 14 Apr 2026 08:03:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789770 Delay in filing the first appeal was condoned because it arose from a bona fide belief that the rectification order was invalid for want of a DIN, and the subsequent appeal showed prompt corrective action. Exemption under sections 11 and 12 could not be denied merely because Form No. 10B was filed without audited financial statements when the form was filed in time and the accounts were later furnished. The filing defect was treated as procedural and directory, so substantive compliance with the exemption conditions prevailed over a technical lapse. The appellate order was set aside and the matter was restored for verification of Form No. 10B and the audited accounts. Case-Laws Income Tax Fri, 10 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789770